Asked by Abhishek Chaudhary on Jul 02, 2024
Which reward system is least appropriate in a situation in which an organization's training budget is particularly low?
A) profit-sharing
B) flexible benefit plans
C) informal rewards
D) skill-based pay
Training Budget
The allocation of financial resources dedicated to training and development activities within an organization.
Profit-Sharing
A compensation strategy where employees receive a portion of the company's profits in addition to their regular salary, linking their earnings to the company’s performance.
Flexible Benefit Plans
Employee benefit programs that allow workers to choose from a variety of pre-tax benefits, customized to their personal needs.
- Distinguish the context in which specific reward systems should be applied based on organizational goals, employee influence, and budget constraints.
Learning Objectives
- Distinguish the context in which specific reward systems should be applied based on organizational goals, employee influence, and budget constraints.
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